Accounting

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June 12, 2014 

Tips for Businesses to Avoid Committing Fraud

The School of Graduate and Professional Studies at New England College has but together an infographic that offers an easy go-to guide for businesses on what’s legal and what’s illegal when it comes to managing their business through the year and when preparing for their taxes.

Isaac M. O'Bannon

 May Retail Sales Remain Steady

June 12, 2014 

May Retail Sales Remain Steady

In its latest report, the National Retail Federation has calculated that May retail sales remained mostly unchanged when seasonally adjusted month-to-month, yet they showed an increase of 3.0 percent unadjusted year-over-year. The data excludes automobiles, gas stations and restaurants.

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June 12, 2014 

How to Determine Reasonable S-Corp Shareholder Compensation

Income from an S corporation, which flows through to its shareholders and is taxed at the individual level, is normally not subject to self-employment tax. Most S corporations, however, have shareholders performing substantial services for the corporation as officers and otherwise.

 Employment Report Shows Florida and Texas Leading in Job Growth

June 11, 2014 

Employment Report Shows Florida and Texas Leading in Job Growth

Private sector employment in the U.S. increased in all nine Census Bureau Divisions during May, according to the monthly ADP Regional Employment Report, which is produced by ADP, a provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics, Inc. The ADP Regional Employment Report measures monthly changes in regional non-farm private employment…

Isaac M. O'Bannon

 Intacct Launches Performance Cards, New Dashboard Visualization Feature

June 10, 2014 

Intacct Launches Performance Cards, New Dashboard Visualization Feature

Cloud accounting and business management developer Intacct has announced the launch of Performance Cards, new dashboard visualizations that provide users with at-a-glance views into critical performance trends. Built directly into the Intacct financial management system, Performance Cards are easy to create, require no custom code development or additional software, and leverage Intacct’s dimensional general ledger…

Isaac M. O'Bannon

 IRS Commissioner to Keynote National Society of Accountants Meeting

June 10, 2014 

IRS Commissioner to Keynote National Society of Accountants Meeting

The National Society of Accountants has announced that Internal Revenue Service Commissioner John Koskinen will deliver the keynote address at the organization's 69th Annual Meeting, which will be August 20-23, 2014 at the Hyatt Regency Inner Harbor in Baltimore, Maryland.